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20121101
20121130
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CNBC
Nov 19, 2012 3:00pm EST
jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a lower rate. anyway, what this would be would be a federal spending hit on top of what's already going on in those counties and in those states, bill. what you hear from the pew center is that these states right now are not in very good shape right now to take additional federal cuts, given what's going on with their economics right now, bill. >> steve, do i understand when i look at california and texas in the red there, and i look at the numbers -- >> and virginia. >> and virginia. 10% to 13% of the work force is federal? >> of all federal jobs, yes. >> 10% of all federal jobs are in california but not all 10% of jobs in california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead
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